United Kingdom
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Saturday, 30 August 2008
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| View All Articles About 'Rate' |
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| 1. |
Big cuts in rates needed-BoE's Blanchflower
Two million Britons may be out of work by Christmas and big cuts in interest rates are needed now to stop the economy heading into a deep and prolonged slump, Bank of England policymaker David Blanchflower told Reuters.
29 Aug 2008 |
| 3. |
Bank split on rates, but cut could be on horizon
The Bank of England mulled the case for both a cut and hike in interest rates this month before a majority of policymakers held rates at 5 percent, but bleak economic signals continue to swing the balance towards a cut.
21 Aug 2008 |
| 4. |
Bank of England split on rates
Bank of England policymakers were split three ways in August for a second month running, with one voting to hike interest rates, another to cut but the remaining seven deciding to keep borrowing costs steady at 5 percent.
20 Aug 2008 |
| 5. |
Swaps spreads highlight credit stresses
The fall in high oil prices and recovery of stocks and the dollar over the past month might suggest the year-long global financial upheaval is easing, but that's not the picture painted by interest rate swaps.
18 Aug 2008 |
| 6. |
Pound at new 22-month low
Sterling's slide gathered momentum on Friday as a rapidly deteriorating technical backdrop and growing expectations of UK interest rate cuts pushed it to a fresh 22-month low against a buoyant dollar.
15 Aug 2008 |
| 7. |
Pound hits 22-month low against the dollar
The pound slid to a 22-month low against the dollar and was on track for its steepest monthly drop in over 11 years on Thursday as negative sentiment mounted on the economy, raising expectations for a rate cut.
14 Aug 2008 |
| 8. |
Bank leaves door open for rate cut
The Bank of England raised expectations on Wednesday of an interest rate cut possibly before the year-end as it forecast inflation falling below target in two years as the economy grinds to a standstill.
14 Aug 2008 |
| 9. |
Soaring inflation shakes rate cut hopes
Inflation shot up in July to more than twice the central bank's target, dousing expectations of interest rate cuts any time soon despite new evidence of sliding house prices and waning consumer demand.
13 Aug 2008 |
| 10. |
Citigroup and Merrill to buy back auction-rate debt
Citigroup and Merrill Lynch said they would buy back billions of dollars of illiquid auction-rate securities from retail clients, and Citigroup agreed to pay a $100 million fine to settle charges it fraudulently misled investors about the debt's risk.
08 Aug 2008 |
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